1月15日，金融监管总局召开2026年监管工作会议，深入贯彻党 中央、国务院决策部署，系统总结2025年工作，统筹安排2026年重 点任务。金融监管总局党委书记、局长李云泽出席会议并讲话，总局 党委班子成员出席会议。 会议指出，2025年，金融监管总局系统上下紧紧围绕防风险、 强监管、促高质量发展工作主线，迎难而上、真抓实干，牢牢守住不 发生系统性金融风险的底线，各项工作取得积极进展。一是坚定不移 推进全面从严治党。严格落实"第一议题"制度。深入学习宣传贯彻党 的二十届四中全会精神。从严从实推进中央巡视整改。扎实开展深入 贯彻中央八项规定精神学习教育。二是有力有序防范化解重点风险。 中小金融机构改革化险取得重大进展。城市房地产融资协调机制扩围 增效。积极支持融资平台经营性金融债务接续置换重组。防非打非工 作机制实现省市县三级全覆盖。三是强监管严监管氛围逐步形成。金 融监管法制加快健全。严厉惩治违法违规行为。会同公安等部门坚决 打击金融领域"黑灰产"。四是综合施策引领行业改革转型。持续推进 保险业"报行合一"和预定利率调整，加力推动银行业提质增效。支持 金融机构多渠道补充资本。五是精准有效支持经济稳中向好。出台 ...

首先，从产品属性看，"黄金+存款"产品的本质依然是存款，只不过是一种结构性存款。既然是存款， 其本金就有保障，受我国存款保险制度保护，这也是结构性存款与结构性理财的最大不同之处，后者目 前已打破刚性兑付，既不保本也不保息，投资者存在损失本金的潜在可能。 看懂"黄金+存款"产品 作为一线服务窗口，金融机构在销售结构性存款产品时，要充分尊重投资者的知情权与选择权，为投资 者提供专业的解惑答疑服务，不可误导投资者。笔者曾在部分银行网点看到，对于投资者的询问，一线 服务人员或是缺乏专业知识支撑，或是缺乏耐心，要么导致投资者误解，要么引发投资者不满。与此同 时，随着移动互联网飞速发展，投资者通过线上渠道解惑答疑的需求日益增长，面对此需求，部分金融 机构的服务能力也较为有限。接下来，金融机构要从线上、线下渠道入手，重点加强对一线服务人员的 培训与监督，有效弥合金融产品与投资者之间的信息不对称，让投资者理性选、放心买。(作者：郭子 源 来源：经济日报) 受国际金价波动影响，今年开年以来，多家股份制商业银行、外资银行推出了黄金相关存款产品，即黄 金挂钩结构性存款，备受市场关注。与此同时，部分上市公司近期披露的公告显示，已购买 ...

Core Insights - The State Council's recent meeting emphasizes the transition from household registration-based public service provision to residence-based services, aiming to address the urgent needs of the unregistered permanent population [1][2] - The shift will allow unregistered residents to access equal public services in education, healthcare, social security, and housing, breaking the rigid link between public services and household identity [1][2] Group 1: Demographics and Needs - The unregistered permanent population is primarily composed of new-generation migrant workers who are better educated and more eager to integrate into urban life [2] - There is a growing trend of families migrating together rather than individuals, leading to increased demand for comprehensive public services related to education, healthcare, and housing [2] - Major inflow areas include developed eastern coastal regions and key city clusters, resulting in significant public service supply-demand imbalances in these regions [2] Group 2: Economic Implications - Providing public services based on residence is crucial for unlocking domestic demand and increasing investment in human capital [3] - Research indicates that once farmers transition to urban permanent residents, their per capita consumption can increase by 30%, with an additional 30% increase after settling in urban areas [3] - A 1% increase in urbanization rate can generate over 200 billion yuan in consumer demand and more than 1 trillion yuan in investment demand [3] Group 3: Policy Implementation - The meeting outlines targeted measures to address pressing issues in education, housing, and social security, including improving policies for the education of migrant children and expanding public rental housing [3][4] - Emphasis is placed on a scientific and regionally tailored approach to policy implementation, allowing for local exploration while maintaining a unified national policy framework [3][4] - The reform aims to enhance the attractiveness and livability of cities, shifting the focus from GDP and large projects to human-centric development and overall quality of life [4]

高水平联通激发出蓬勃的经贸活力。2025年，我国对共建"一带一路"国家进出口23.6万亿元，增长 6.3%，占进出口总值的51.9%。投资合作也持续升温，2025年前11个月，我国企业在共建"一带一路"国 家非金融类直接投资2555.3亿元，同比增长19%。 高质量发展的成色，还体现在标志性工程与惠民生"小而美"项目的协同推进。2025年，喀麦隆恩图 至恩乔莱公路项目、土耳其图兹湖地下天然气储库扩建项目、阿富汗艾娜克铜矿项目等一批关键工程取 得重要进展。同时，鲁班工坊、"光明行"等一批标志性民生工程持续推进，切实改善当地民众生活，凝 聚起民心相通的强大力量。 "高质量共建'一带一路'已成为中国为国际社会提供的重要公共产品，成为各国携手走向现代化和 人类通向美好未来的希望之路。"商务部国际贸易经济合作研究院研究员彭波说。 顺应变局育新机 经济日报记者 杨啸林 2025年中央经济工作会议提出，推动共建"一带一路"高质量发展。这是统筹把握国内国际两个大局 作出的重要部署，是"十五五"开局之年扩大高水平对外开放的关键路径，将进一步促进全球开放合作， 为世界提供互利共赢新机遇。 迈入发展新阶段 我国与超50个国家和国际 ...

Group 1 - The core focus of economic development should be on the real economy, emphasizing the optimization and upgrading of traditional industries while nurturing emerging and future industries [1] - As of 2024, China's manufacturing sector has maintained its position as the largest in the world for 15 consecutive years, providing a solid foundation for economic stability [1] - The real economy serves as a major channel for job creation, providing billions of jobs and reinforcing social stability [1] Group 2 - The development of the real economy faces significant challenges, including pressure on traditional industries to upgrade, resource and environmental constraints, and a lag in high-end and intelligent manufacturing [2] - There is a notable gap in core technology capabilities, with weak basic research and low patent conversion rates, alongside high financing costs for small and medium-sized enterprises [2] - To strengthen the foundation of the real economy, it is essential to optimize traditional industries through technological innovation, digital transformation, and a focus on green and low-carbon development [2] Group 3 - Strengthening the real economy also involves the development of emerging and future industries, which can drive collaborative upgrades across the industrial chain and create new demand [3] - The service sector is a crucial component of the real economy, and its efficient development can facilitate manufacturing upgrades and enhance employment opportunities [3] - Ultimately, the goal is to establish a modern industrial system centered on advanced manufacturing, balancing domestic and international markets while promoting quality and brand transformation in Chinese products [3]

各地应站在全局高度看问题，善于把本地区本部门的工作放到大局中进行思考和定位，把自身发展融入 到国家重大战略、重大决策、重大部署中，围绕中心任务做好总体谋划，明确任务单、计划表，让地方 发展的"小逻辑"服从服务于国家战略的"大逻辑"。长三角一体化发展、粤港澳大湾区建设等取得丰硕成 果，正是相关省份"自觉在大局下行动"的生动体现。这些实践突破行政区划的局限，通过规划对接、改 革联动、创新协同、设施互通、市场共享，实现了"1+1>2"的聚合效应。 "弹钢琴"要抓好时序，看当下也要看长远，以前瞻性布局培育新优势。认清机遇和挑战，把握好目标任 务的长期性和阶段性。对于符合新发展理念的要坚持做下去，对于不利于高质量发展的要打上休止符。 比如，不少地方降低对土地财政的依赖，摒弃传统的资源消耗型发展方式，积极探索可持续的发展路 径，虽然短期来看，地方经济数据受到影响，发展压力增大，但从长远考虑，这种布局是必要且紧迫 的。 党的二十届四中全会对"十五五"时期经济社会发展作出顶层设计和战略擘画。今年是"十五五"开局之 年，我国发展环境面临深刻复杂变化，各项工作任务艰巨繁重。越是形势复杂，越要讲究工作方法。习 近平总书记指出，要善 ...

Core Insights - Various regions in China, including Shanghai, Liaoning, and Hubei, are holding meetings to focus on developing new productive forces, enhancing business entities, and optimizing the business environment, indicating a strong commitment to high-quality development in the new year [1][2][4] Group 1: Regional Initiatives - Shanghai has prioritized optimizing the business environment for nine consecutive years, launching a plan with 26 specific measures to address issues like bidding and payment delays [1] - Liaoning's meeting on the first working day of 2026 focused on eight key areas for improving the business environment, establishing a closed-loop management mechanism for strict enforcement against violations [1] - Hubei's technology innovation conference aims to position the province as a hub for original innovation and high-quality development driven by technology [2] Group 2: Strategic Focus - The meetings emphasize the importance of early deployment and clear task lists, reflecting a proactive approach to addressing both external uncertainties and internal growth challenges [2][3] - Key topics include enhancing new productive forces, expanding business entities, and promoting high-level openness, with a focus on systemic support rather than isolated policy measures [4][6] Group 3: Investment and Economic Growth - Major project construction is highlighted as a key driver for stabilizing economic growth, with Yunnan declaring 2026 as a "Project Attack Year" and Shenzhen launching 222 new projects with a total investment of approximately 157.34 billion [8] - Investment strategies are shifting from government-led initiatives to a dual approach involving both government and private sector investments, emphasizing green energy and circular economy projects [8] Group 4: Social and Economic Stability - Regions are addressing economic and financial risks while ensuring safety in production and food security, with specific measures to prevent systemic financial risks and promote agricultural modernization [9] - Many areas are focusing on social welfare projects, including employment, education, and healthcare, to ensure a safety net for citizens while pursuing economic growth [9]

党的二十届四中全会对"十五五"时期经济社会发展作出顶层设计和战略擘画。今年是"十五五"开局之 年，我国发展环境面临深刻复杂变化，各项工作任务艰巨繁重。越是形势复杂，越要讲究工作方法。习 近平总书记指出，要善于"弹钢琴"，谋划一域不能忘记整体，立足当前不能无视长远，突出重点不能忽 略一般。注重各方面政策协调，保持宏观政策取向一致性，防止和克服本位主义、地方保护主义。 各地应站在全局高度看问题，善于把本地区本部门的工作放到大局中进行思考和定位，把自身发展融入 到国家重大战略、重大决策、重大部署中，围绕中心任务做好总体谋划，明确任务单、计划表，让地方 发展的"小逻辑"服从服务于国家战略的"大逻辑"。长三角一体化发展、粤港澳大湾区建设等取得丰硕成 果，正是相关省份"自觉在大局下行动"的生动体现。这些实践突破行政区划的局限，通过规划对接、改 革联动、创新协同、设施互通、市场共享，实现了"1+1>2"的聚合效应。 "弹钢琴"体现了马克思主义的立场、观点与方法。具体到工作中，要求各级干部加强系统观念和大局意 识，统筹兼顾、综合施策，既要抓住重点，又要兼顾全面，讲究主次、先后和轻重。 "弹钢琴"要抓好时序，看当下也要看长远， ...

Group 1 - The core viewpoint is that the integration of artificial intelligence (AI) and industrial internet is crucial for innovation and development, enhancing both sectors and contributing to the construction of a manufacturing and cyber power in China [2][5] - AI is a strategic technology leading a new round of technological revolution and industrial transformation, significantly applied in the manufacturing sector, while the industrial internet serves as a vital infrastructure for new industrialization, covering 41 industrial categories and entering a new stage of high-quality development [2][3] Group 2 - AI and industrial internet mutually promote each other, with AI's capabilities aiding in upgrading industrial internet facilities and optimizing services, while the industrial internet provides the necessary data resources and connectivity for AI to function effectively [3][4] - Data is a critical link between AI and industrial internet, as high-quality industrial data drives AI's technological iterations and innovations, enabling a transition from digital connectivity to comprehensive intelligence in the industrial sector [3][4] Group 3 - The integration aims to address complex industrial challenges that traditional technologies struggle to solve, such as the shortage of high-quality industrial data and the difficulties in deploying large industrial models due to diverse application needs and high costs [4] - To unleash the potential of this integration, it is essential to enhance the intelligence level of industrial internet platforms, break down data barriers, and encourage smart upgrades across all stages of industrial processes [4] Group 4 - The collaboration between AI and industrial internet is expected to provide a significant boost to China's manufacturing sector, which has maintained the largest value-added scale globally for 15 consecutive years, supported by a robust information and communication network [5]

Group 1: Economic Overview - In the past year, China's economy faced challenges, with retail sales exceeding 45.6 trillion yuan, growing by 4.0%, indicating consumer spending remains a stabilizing force [1] - By the end of December, the number of business entities reached 195 million, with over 100 million tax-related entities, reflecting robust market vitality [1] Group 2: Platform Economy Regulation - The competition among major platforms like JD, Taobao, and Meituan in the food delivery sector involved nearly 100 billion yuan in investments, leading to improved service quality and better treatment for delivery riders [2][3] - Regulatory bodies played a crucial role in maintaining fair competition, shifting the focus from subsidy wars to enhancing service quality and ensuring food safety [2][3] Group 3: Addressing Deep-rooted Issues - Regulatory efforts in 2025 targeted the "algorithmic hegemony" and unreasonable rules imposed by platforms, leading to the cancellation of controversial refund policies and promoting fairer trading practices [3] - Major platforms committed to creating a win-win ecosystem for consumers, merchants, and delivery riders, with initiatives like eliminating penalties for late deliveries and increasing social security coverage for riders [3][4] Group 4: Combating "Involution" Competition - "Involution" competition emerged as a significant challenge in 2025, characterized by price wars that compromised product quality and safety, as seen in the drastic decline of profit margins for brands like Laiyifen [6][7] - The government emphasized the need to shift competition from price-cutting to value creation, with regulatory measures aimed at addressing unfair practices and enhancing product quality [6][7][8] Group 5: Food Safety and Standards - The "pre-made dish" controversy highlighted public concerns over food safety, prompting regulatory bodies to accelerate the establishment of national standards for the industry [10][11] - Regulatory measures included comprehensive food safety oversight and the introduction of transparency in food production processes to restore consumer trust [11][12] Group 6: Market Dynamics and Innovation - The regulatory framework aims to create a balanced market environment where quality and innovation are prioritized over low prices, allowing businesses to thrive without compromising standards [9][12] - The response from the industry includes innovative dining experiences and significant investments in product development, indicating a shift towards higher quality offerings [9][12]